Wadhawans’ assets found in Dubai, London
New Delhi: The Enforcement Directorate has tracked two undisclosed foreign properties of bankrupt HDIL promoters Rakesh and Sarang Wadhawan in its probe in PMC Bank money laundering case. Top sources claimed the accused had laundered bank loans to buy these assets in Dubai and London.
The ED will soon issue letters rogatory to authorities in the UAE and the UK to issue prohibitory orders ahead of their attachment so that the accused can’t dispose of the assets. ED on Thursday also sealed a5-acre bungalow of an HDIL promoter.The property is in Vasai suburb under Palghar district of Maharashtra.